Agilysys(US:AGYS) GlobeNewswire News Roomยท2025-04-21 21:28Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Agilysys, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers [1] - Agilysys reported third quarter revenue that fell below market expectations and its own guidance, leading to a significant downward revision of its full-year 2025 revenue outlook [3] - Following the disappointing earnings report, Agilysys's stock price dropped by $25.23 per share, or 20.04%, closing at $100.67 per share [3] Company Performance - The third quarter revenue of Agilysys was lower than anticipated, prompting a revision of the full-year revenue outlook [3] - CEO Ramesh Srinivasan acknowledged underestimating sales challenges related to the point-of-sale (POS) segment and indicated that the company could have performed better in hiring for implementation services [3] Legal Investigation - Pomerantz LLP, a firm specializing in corporate and securities class litigation, is leading the investigation into Agilysys for potential securities fraud [1][4] - The firm has a history of recovering significant damages for victims of securities fraud and corporate misconduct [4]